USDCAD Daily Analysis – May 28, 2018

USDCAD broke above 1.2924 resistance and is now facing 1.2997 resistance. A breakout of this level would take the price to 1.3100 area. Near term support is at the rising trend line on the 4-hour chart, only a clear break below the trend line support could bring the price back to test 1.2728 support.

USDCAD 4-hour chart